US Ports and Waterways Struggle Amid Infrastructure Crisis

US Ports and Waterways Struggle Amid Infrastructure Crisis

The United States' port and inland waterway infrastructure receives low ratings and faces a significant funding shortfall. This report advocates for increased investment to modernize and improve efficiency. Addressing this investment gap is crucial to reshape the future of waterborne transportation and ensure its competitiveness. Prioritizing infrastructure upgrades will enhance supply chain resilience and support economic growth by optimizing the movement of goods through ports and inland waterways.

WCO Boosts Cameroon Customs Import Valuation and Revenue

WCO Boosts Cameroon Customs Import Valuation and Revenue

The WCO assessed Cameroon's customs valuation system to help it comply with the WTO Agreement, enhance revenue collection, facilitate trade, and reduce trade frictions. The assessment likely identified areas for improvement and provided recommendations for strengthening the system and ensuring its alignment with international standards. This support aims to improve Cameroon's trade competitiveness and contribute to its economic development by fostering a more transparent and efficient customs environment.

Burkina Faso Joins Kyoto Convention to Enhance Trade

Burkina Faso Joins Kyoto Convention to Enhance Trade

Burkina Faso has acceded to the Revised Kyoto Convention (RKC), becoming the 111th contracting party. The RKC simplifies customs clearance procedures, promotes trade facilitation, and enhances global competitiveness. By adopting the RKC, Burkina Faso aims to streamline its customs operations, reduce trade barriers, and ultimately boost its economic growth. This accession underscores the country's commitment to international standards and its desire to integrate more effectively into the global trading system.

COSCO Investment Boosts Piraeus Port As Mediterranean Hub

COSCO Investment Boosts Piraeus Port As Mediterranean Hub

COSCO Shipping's strategic investment in Greece, particularly the transformation and upgrading of Piraeus Port, has significantly enhanced the port's competitiveness, making it a crucial hub in the Mediterranean. Furthermore, COSCO Shipping has diversified its investments into logistics, tourism, and energy sectors, promoting Sino-Greek trade and China-Europe cooperation, and making a positive contribution to local economic development. This partnership exemplifies mutually beneficial collaboration and strengthens ties between the two nations.

US Forms Supply Chain Council to Boost Resilience

US Forms Supply Chain Council to Boost Resilience

To address supply chain challenges, the United States established the 'Supply Chain Council.' Its aim is to reshape the resilience and competitiveness of the American supply chain and ensure economic stability, with three primary goals: protecting jobs, investing in infrastructure, and mitigating risks. The council seeks to achieve this by uniting various stakeholders, including businesses and labor, to fortify American supply chains against vulnerabilities and promote long-term growth.